L.A. Police: Show Car Valued At $150,000 Stolen

cbs ^ | Jul 9, 2010 10:26 am US/Pacific

[BenLurkin]

I wonder if it was insured.

[the invisib1e hand]

I wonder if it was insured.

all sorts of red flags raised on this. who takes a "completely tricked out" show car to "tansmission shop." Except maybe to have it stolen, of course.

[Doogle]

"oh mannn"

[cweese]

Hope he had a lo-jack installed.

[jimt]

Transmission shops aren’t all like Aamco. Some do custom hot rod work, high performance transmissions for high-horsepower cars. And some shop owners are car nuts who either own such cars, work on such cars, or provide space for their car nut buddies.

[Doogle]

[Gaffer]

Betcha there is an insurance policy involved that covers the cost of this ‘valuable’ car.

[Smittie]

It’s probably already in Mexico!!

[Cyman]

“all sorts of red flags raised on this. who takes a “completely tricked out” show car to “tansmission shop.” Except maybe to have it stolen, of course.?

My first thought also.

[org.whodat]

So someone stole a fifty thousand dollar car valued at 150,000. LOL

[Doogle]

...guess it was pretty popular car....found it on three different websites

[SMARTY]

Beat me to it

[ConservativeByChoice]

I wonder if it’s headed to the huge Good Guys car show in Columbus Ohio this weekend. Maybe I’ll see it there.

[Huskrrrr]

[pikachu]

It was probably in Mexico before the cops left the doughnut shop.

[martinidon]

doesn’t pass the smell test

[Pearls Before Swine]

Insurance fraud or not, this reeks of “inside job.”

[J Edgar]

... the owner was on scene within minutes of the shop’s burglar alarm sounding and the car already was gone. ...

Inside job?

[Frantzie]

The collector car market is often subject to fraud and manipulation. As the nostalgia group grows older - the value drops. So guys in their late 50s who buy these cars would be buying cars of their youth. So I guess Pacers and Gremlins are hot now. ;-)

Guys buying cars from the 1950s are probably in their 70s now. This means this car is probably work $70,000 at teh most.

Most collectors are usually in their late 40’s to early 60s in age.

[the invisib1e hand]

Transmission shops aren’t all like Aamco. Some do custom hot rod work, high performance transmissions for high-horsepower cars. And some shop owners are car nuts who either own such cars, work on such cars, or provide space for their car nut buddies.

That crossed my mind.